Shah Deniz Phase 2 expansion
See also: "Sha Deniz gas field (Wikipedia)
Shah Deniz is the largest natural gas field in Azerbaijan and the largest gas discovery made by BP. It is located in the Caspian Sea southeast of Baku. The Shah Deniz Phase 2 expansion, which began in 2013 and was completed in 2018, was BP's biggest startup of 2018, costing $28 billion in capital investment.[1]
Contents
- 1 Reserves and CO2 Emissions
- 2 Strategic Significance
- 3 Companies Involved
- 4 Potential ESG Risks
- 5 Indigenous Rights
- 6 NGO's Involved
- 7 Local Opposition
- 8 Status of Project
- 9 Infrastructure
- 10 Domestic Political Situation
- 11 Project Economics
- 12 International Dynamics
- 13 Financing
- 14 Articles and resources
Reserves and CO2 Emissions
The Shah Deniz field contains 1 trillion cubic metres of gas. Currently Shah Deniz Phase 1 produces 10 billion cubic meters per year (bcma). Shah Deniz Phase 2 will add 16 bcma.[1]
Strategic Significance
The project is strategically significant because it will deliver gas to Turkey and into the European market via the South Caucasus Pipeline Expansion, the Trans Anatolian Pipeline, and the Trans Adriatic Pipeline.
Companies Involved
BP
Potential ESG Risks
Corruption
Labour Rights
Indigenous Rights
NGO's Involved
Local Opposition
Status of Project
The project started up in July 2018.
BP group chief executive Bob Dudley said: “Shah Deniz 2 is one of the biggest and most complex new energy projects anywhere in the world, comprising major offshore, onshore and pipeline developments. BP and our partners have safely and successfully delivered this multi-dimensional project as designed, on time and on budget."[2]
Infrastructure
The project will require 500 km of subsea pipelines linking wells with the onshore terminal, and expansion of the Sangachal terminal.[1]
Domestic Political Situation
Project Economics
Tax Revenues
International Dynamics
Financing
Articles and resources
References
- ↑ 1.0 1.1 1.2 Shah Deniz Stage 2," BP Azerbaijian, accessed 8/18
- ↑ "BP starts-up landmark Shah Deniz 2 development in Azerbaijan," BP Global, 2 July 2018
